Category: Department of Labor

On August 9, 2017, the Department of Labor (DOL) filed a Notice of Administration seeking to extend the transition period and delay the effective date of certain provisions of its Fiduciary Rule (Conflict of Interest Rule). The requested extension for 18 months, from January 1, 2018 to July 1, 2019, was submitted to the …

On August 9, the US Department of Labor (DOL) filed a Notice of Administrative Action (as part of a lawsuit in the US District Court for the District of Minnesota). This Notice of Administrative Action seeks to extend the transition period and delay the effective date of its Conflict of Interest Rule (the Fiduciary Rule). …

This fall, the Internal Revenue Service (IRS) released Notice 2014-66, which outlines how target date funds that include deferred annuities in their assets can be used in 401(k) plans. Although each target date fund must be made available in a nondiscriminatory manner, a series of target date funds in a plan that restricts participation in …

On March 12, 2014, the Department of Labor (DOL) requested comments on a proposed rule change that would require service providers to provide a guide to 401(k) plan sponsors regarding fee disclosures. The public comments were due to the DOL on or before June 10, 2014. The DOL proposes that the amendment to the existing …

The Department of Labor (DOL) has published a lengthy regulatory agenda for 2013 that includes: 1. An amendment under the Abandoned Plan Program that would expand the scope of individuals entitled to act as a “Qualified Termination Administrator”(QTA); the comment period for the proposal ended February 11, 2013. 2. A Guide for 408(b)(2) disclosures; DOL …